Triggering an immediate tax liability


Question: Upon her death, Nathalie would like to eventually see her cottage inherited by her grandson, Marcel. However, if Nathalie, should predecease Philippe, she would like to ensure her husband will have access to the property until he dies. What option will fulfill both of Nathalie's objectives with Certainty and without triggering an immediate tax liability? a. Nathalie should immediately gift the cottage to Marcel in trust b. In her will, Nathalie should name Philippe as a life tenant to the cottage and name Marcel as the remainderman. c. When Nathalie dies the cottage will rollover to Philippe ensuring he will have use of the property until his death. So, all Nathalie needs to do is instruct Philippe to transfer the cottage to Marcel when he eventually dies d. In her will, Nathalie should name Marcel as the beneficiary of her cottage

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